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Trading is the best option according to me, but knowledge about the market is mandatory or you may loose all your money. Also you can open you own business of your choice. These options might take quite a bit of time but can be very effective.
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Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction
Bitcoin is not related to banks at all, banks has nothing to do with bitcoins, there is not banking system that asks you to deposit your bitcoins there if you have, they can never insist you on this even if they have any services like this because they wont come to know about your bitcoin possessions. Bitcoin and banks have difference in usage, but banks are the traditional finance management supporters. Without banking system we might be living back to some ages of civilization. Now as a alternate based upon requirement digital currencies have evolved for which we should not have a negative trust upon banking. Agree! Not trusting banks, but trusting only Bitcoin might not be a good choice. Without Banks, local daily tasks cannot be performed. |
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India is not the only one country in the world that the peoples is not familiar with bitcoin. Indians are not that unfamiliar to Bitcoin. Check the Indian section of Localbitcoins, and you will be surprised to see hundreds of users online at any given point of time. Also, there are a lot of Bitcoin-based businesses operating out of India. Indian are obviously not unknown to Bitcoin, but amount o users is quite less. Moreover very few peoples are interested about Bitcoin. Many people are familiar to this currency but their fear or lack of proper information holds them back from using it. Also the exchangers charge quite more INR than the actual market rate. |
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Buying bitcoins is good and it can provide you a lot of money when you are holding it without any doubts.
I really think that you can make a lot of money with it for sure.
Yes, ofcourse holding Bitcoin will be helping in gaining profits. But without proper timing to buy/sell them will result in loss. Its quite volatile in nature, so holding it without knowledge of the market may cause some financial damage. |
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Absolutely its not a good move to invest whole $40/day if I earn it only. Now if its my saving and extra amount which is not necessary to save, I would have definitely invested in Bitcoin and then Forex/Stock Market as well because Bitcoin has a great potential and Stock Market/ Forex is an awesome opportunity for investors and traders.
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One of the viable ways I have seen that can get you to 1+ BTC is trading though you need strict principles to avoid being scammed as a first entry trader or you can try joining gambling competitions which pay its top players(use money to make money  ) Gambling will not be a good choice. Trading is a quite good as well as risky without proper skills. 1 BTC in a month is not impossible but yes it is tough. Doing various jobs and accepting Bitcoin will be a good help. But again lots of skills are required to complete. |
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I use Coinbase. When I got to know about Bitcoin and how it works, I got to know about Coinbase, I liked it, it was quite simple, nice looking/design and so I started to use it. Later I got to know about blockchain as well but I sticked with Coinbase.
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By this time that thing may not happen.But in the near future,yes bitcoin maybe replaced by other cryptocurrency.Maybe by ethereum or litecoin or any other alternative coins out in the trading platform.
It is not impossible for Ethereum or other Cryptocurrency to overtake, but replacing seems quite impossible. Moreover, People are generally indulged in Bitcoin more than any other one. And new people usually gets to know about Bitcoin when they know about cryptocurrency and the use of it is also quite wide in the market. So I think it is very tough to replace Bitcoin or overtake. |
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Due to low craze for Bitcoin in my area, I haven't exchanged Bitcoins face to face, but yup its growing, so I believe I will do that in very near future.
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Bitcoin transactions are getting faster gradually, the time of payment completion has decreased. Basically due to huge number of transactions and some other problems the speed is little bit slow, but its improving a lot. Payments are usually completed within couple minutes, rarely sometimes few hours.
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For tangible goods I basically use Amazon and other local online shop. I also use some some shop where basically Bitcoin is accepted as well as PayPal.
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I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.
I agree with you . all of it will happen, we are only a matter of time. Bitcoin is now taking some of the financial sector in the world. one of which is a system of online sales and also gambling sites. every time bitcoin continues to grow and become strong payment media. Bank will soon disappear. It is only a tool which is used by Government to control citizen. Bitcoin is freedom. More and more people will know about Bitcoin and will use it instead of FIAT. While money keep inflating, Bitcoin price continue to go up no matter what. It is now playing an important role in the ecosystem, people can not ignore it forever I agree Bitcoin is freedom, but I don't think so bank will disappear, in some countries and also due to some people of this world. Moreover if bank disappears I think the normal currency will also disappear and the price will not be going up anymore. |
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I like it because I believe it is a great option for payment while letting the value of Bitcoins Grow gradually. Also I like it because of its simplicity or user friendly and a great option to buy sell online without any hassle at some extent.
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I think bitcoin and gold investment are now kind of same. Bitcoin is volatile for sure but so as the commodity Gold at some extent. I believe its the time to invest in Bitcoin as it is still unknown to many people, so I think it has a high chance of growing and to be in profit.
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Trading/Investing is great ways to earn Bitcoin Online. You can also use Bitcoin as payment if you are a seller of any kind. Also you can charge for freelancing via Bitcoin. These ways can greatly help you to earn Bitcoin in large amounts.
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I use Payapl, Perfect Money basically, and since few months I am into Bitcoins as well and started using it.
Paypal/Perfect Money because it is quite available to shop from many online sellers. Now as many sellers are gradually starting to accept Bitcoin, the choice might shift. But sometimes Paypal will be my choice to buy some particular goods or services.
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Learn something like website design, programming or anything else related to the internet so you can offer such services.
There's never a easy way to make money / btc, if you want to make a lot of btc you need to put in a lot of work.
IMO, developing mobile applications is one of the best ways to earn money right now. The internet has evolved over the years... you need to select an unique niche, to get payed handsomely. Developing mobile apps or coding, surely does pays handsome amount but some knowledge is required particularly. And for all its not possible to acquire those knowledge/skills. Best is to have a Job and and then use extra time to do other valuable jobs or use the skills you have or which you can acquire. |
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I would suggest u to find online jobs on reddit pr freelancer .u can get a job but its hard .u can just get 1000 dollars a week .well even if u invest 5000 dollars then u can think of earning that much by buying miners .kudoos  Yes, that's good idea to search job on freelancing websites.But user need to have some skills like web design, project development, Android development, Programming etc.If you have this skills, you can easily get a job on freelancing site without any investment. Agree! The best way to grow bitcoin would be investing/trading but it requires skills, as well as money. But if you have some other sets of skills, mentioned such as freelancing of any kind will definitely help to grow/earn some Bitcoin of good amount. Copywriting, Article Writing are also some good freelancing jobs available. |
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I think usually people of 20-35 age group use it largely, currently. But as it is growing the average age of the users might increase 25-40 or 30-50 because Bitcoin consists of some awesome features |
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I will suggest you to use Coinsecure, quite good at this moment. You can also look at Unocoin, Zebpay and also BTCXIndia(Have heard about it only, no personal thoughts)
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